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83
Jan 1, 2013
01/13
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WUSA
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. >> reporter: if the bill eventually becomes law the bush era tax cuts will be permanently extended for everyone making less than $400,000 a year. and families making less than $450,000 a year. it will also keep the alternative minimum tax for the wealthy from hitting millions of middle class families. >> middle-class families will wake up today to the assurance that their taxes won't go up $2,200 each. >> reporter: the senate agreement delays $110 billion in spending cuts that were due to kick in today for another two months. but because the bill doesn't address spending, getting it passed in the house could be much tougher. >> the fact that the president won challenges on spending cuts is disgusting. the fact we're not where we are on taxes is disgusting. >> reporter: president obama said he wanted a grand bargain that dealt with taxes and spending cuts at the same time. >> but with this congress that was obviously a little too much to hope for at this time. >> reporter: house speaker john boehner has not yet publicly endorsed the deal. and even though congress did not meet the mi
. >> reporter: if the bill eventually becomes law the bush era tax cuts will be permanently extended for everyone making less than $400,000 a year. and families making less than $450,000 a year. it will also keep the alternative minimum tax for the wealthy from hitting millions of middle class families. >> middle-class families will wake up today to the assurance that their taxes won't go up $2,200 each. >> reporter: the senate agreement delays $110 billion in spending cuts...
107
107
Dec 24, 2012
12/12
by
WUSA
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they marched across the brooklyn bridge asking for new gun control laws. there were demonstrations outside a gun shop in a washington, d.c., suburb. >> to allow these guns for no other purpose than to murder and slautder innocent people and children is insane. >> it's made it one of the hottest selling items of this christmas. >> two weeks ago you could have bought one gun for, you know, $1,400. now it's $2500, $2,700. >> the debate is just as heated here on capitol hill. the nra says it will fight any new restrictions. >> what every mom and dad will make them feel better, when they drop their kid off at school in january is if we have a police officer in that school. >> the reaction to that plan is mixed among parents we spoke with. >> i think any effort to protect our children is with it. >> no, no, we do not want people with guns in our school. >> senator dianne feinstein plans to present a bill banning assault weapons when they reconvene. there was a ban in place from 1994 until 2004. >> it hasn't worked. dianne feinstein had her ban and columbine occu
they marched across the brooklyn bridge asking for new gun control laws. there were demonstrations outside a gun shop in a washington, d.c., suburb. >> to allow these guns for no other purpose than to murder and slautder innocent people and children is insane. >> it's made it one of the hottest selling items of this christmas. >> two weeks ago you could have bought one gun for, you know, $1,400. now it's $2500, $2,700. >> the debate is just as heated here on capitol...
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328
Jan 1, 2013
01/13
by
KPIX
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not meet the midnight deadline, tax cuts will be retroactive if the bill is eventually signed into law. terrell? >> tara mergener in washington, thank you so much. the bill also extends unemployment benefits for 2 million people. it prevents a 27% cut in fees for doctors who treat medicare patients. but many americans will see a tax hike because the bill does not affect a scheduled 2% increase in the payroll tax. it also kicked the can down the road on automatic spending cuts for the defense department and domestic programs. they've been postponed for two months. as lee cowan reports, that uncertainty has many business owners worried. >> reporter: jo ann vinute is running the numbers. her payroll is due this week. although she at least now has a hint on what taxes to withhold from her dozen employees, that's only half her worry. unresolved spending cuts are the other. >> it's very uncertain and very unnerving and very -- causes a lot of anxiety and a lot of lack of sleep. >> reporter: she's the president of golden state magnetic. a $2 million a year los angeles company that inspects, c
not meet the midnight deadline, tax cuts will be retroactive if the bill is eventually signed into law. terrell? >> tara mergener in washington, thank you so much. the bill also extends unemployment benefits for 2 million people. it prevents a 27% cut in fees for doctors who treat medicare patients. but many americans will see a tax hike because the bill does not affect a scheduled 2% increase in the payroll tax. it also kicked the can down the road on automatic spending cuts for the...
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195
Dec 26, 2012
12/12
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KPIX
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over the fiscal cliff is leaving the future uncertain for one law, and farmers depend on that law. >> reporter: eagle lake, texas, depends on rice. it's been grown here since the 1800s. drought is usually the biggest threat, but the nervous talk in the drugstore now is about congress. >> without the farm bill, it really makes it uncertain for what you should do next year. >> reporter: steve is a pharmacist here and a rice farmer. >> people are nervous. >> very nervous. >> what are they saying when they're coming in? what are you hearing? >> what do we do? they don't know what to do. it's so uncertain right now that the banks don't know what to do, the farmers don't know what to do. they're out there plowing the land, getting it all prepared for next year with total uncertainty. >> reporter: at stake? $154 billion in federal farm aid and crop insurance sidelined by the fiscal cliff stalemate. benefits from the farm bill also guarantee rice farmer l.g. ron that his costs are covered when crops are bad or demand drops. >> so you would be out of it if there was no subsidy? >> i will be lo
over the fiscal cliff is leaving the future uncertain for one law, and farmers depend on that law. >> reporter: eagle lake, texas, depends on rice. it's been grown here since the 1800s. drought is usually the biggest threat, but the nervous talk in the drugstore now is about congress. >> without the farm bill, it really makes it uncertain for what you should do next year. >> reporter: steve is a pharmacist here and a rice farmer. >> people are nervous. >> very...
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well, my mother-in-law told me when she was a little girl that they used to use it as a teapot. i'd been chatting to norah and she was wonderful. she was-- i suppose she was then in her '70s and chatty and spontaneous. well, when my mother-in-law gave it to me, she said to me, "look after it now because," she said "it's over 100 years old," she said. "it was very old when i was a little girl." it's more than true. - this is actually a very ancient pot indeed. - oh! battie: it was the first time that i think anybody had ever teased a client over the pricing. battie: you think it might be worth several hundred pounds? i don't know. i don't think so. - you wouldn't have thought so? - no. so even if i told you it was worth £600 or £800, you'd be really shocked, would you? - oh, i would. - right. what would you say if i said it was worth £2,000? - ( people laughing ) - oh, you're kidding aren't you? - battie: well, i am kidding actually. - oh. it's actually worth about £5,000 to £6,000. ( people gasping, laughing ) battie: it was just perfect. and she said, "of course i'll never
well, my mother-in-law told me when she was a little girl that they used to use it as a teapot. i'd been chatting to norah and she was wonderful. she was-- i suppose she was then in her '70s and chatty and spontaneous. well, when my mother-in-law gave it to me, she said to me, "look after it now because," she said "it's over 100 years old," she said. "it was very old when i was a little girl." it's more than true. - this is actually a very ancient pot indeed. - oh!...